Etsy, Inc.’s Stock Price Drops to $65.90, Recording a 4.10% Decrease: Is It Time to Buy?

Etsy, Inc. (ETSY)

65.90 USD -2.82 (-4.10%) Volume: 2.95M

“Etsy, Inc.’s stock price sees a turbulent market with a current value of $65.90, experiencing a decline of -4.10% this trading session and a significant drop of -18.69% YTD. Despite the downward trend, the company maintains a robust trading volume of 2.95M, indicating continued investor interest.”

Latest developments on Etsy, Inc.

Today’s movements in Etsy Inc‘s stock price have been influenced by several key events. Pacer Advisors Inc. and Washington Capital Management Inc. have both reduced their holdings in the company, potentially causing a dip in the stock’s value. Meanwhile, CVA Family Office LLC has made a fresh $27000 investment in Etsy, further fuelling the volatility. Furthermore, a significant amount of Etsy shares were sold by SG Americas Securities LLC, impacting the overall price.

Etsy, Inc. on Smartkarma

Analysts on Smartkarma are closely following the coverage of Etsy Inc, a popular online marketplace for handcrafted goods. According to Baptista Research, the company’s recent fourth-quarter results were solid, with a record revenue of $2.7 billion in 2023. This reflects a 7% increase from the previous year, showcasing the firm’s strong financial model and potential for sustainable growth. Value Investors Club also highlights Etsy’s potential for growth, with a projected 10% compound annual growth rate in Gross Merchandise Sales (GMS) due to its expanding international market and room for increased take rates. Baptista Research also praises Etsy’s use of AI-powered curation to improve buyer confidence and enhance convenience metrics, which could lead to increased profitability for the company. Overall, analysts on Smartkarma are optimistic about Etsy Inc‘s future prospects and potential for continued success in the e-commerce industry.

A look at Etsy, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Etsy Inc, an e-commerce company, has been rated by Smartkarma Smart Scores with a 1-5 score for its overall outlook. The company offers a wide range of products including handmade and vintage items, art, supplies, and regular items such as clothing, housewares, and paper goods. According to the scores, Etsy Inc has a resilience score of 5, indicating a strong ability to withstand challenges and maintain its operations. This could potentially lead to long-term success for the company as it continues to serve users throughout the United States.

While Etsy Inc may not have a high value score of 0, it does have a dividend score of 1, indicating a potential for future dividend payments to shareholders. Additionally, the company has received a growth score of 3, suggesting a moderate potential for growth in the future. With a momentum score of 3, Etsy Inc may also see a steady increase in its stock price over time. Overall, based on the Smartkarma Smart Scores, Etsy Inc has a positive long-term outlook and may continue to thrive in the e-commerce market as it provides a diverse range of products to its customers.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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